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. a big win for governor brown and for california schools. prop 30 passed with 54% of the vote. it is a plan that will increase taxes on wealthy californians to help better fund schools. cbs 5 reporter anne makovec over in oakland now with reaction from some of the teachers and voters alike. anne. >> reporter: looks calm out here but you can bet there's a lot of celebration from administrators, teachers and parents. now that prop 30 has passed. it is going to raise taxes and it's going to bring california an extra $6 billion a year. >> knowing that proposition 30 passed, what are you thoughts on that? >> reporter: the lesson today, prop 30 is saving the day. >> i think it's a huge day for california. it shows that california voters care about education and public services in the state. >> reporter: if prop 30 didn't pass, schools would have endured billions of dollars in cuts. >> i would say that it could have been extremely detrimental to the opportunities of our young people of california. and so this was a must that it passed. >> reporter: in the end, 54% of californians, al
in the california national guard. >>> in tonight's reality check, a billion dollars of san jose investment in just six months? we take a look at mayor reed and city council's lofty goal. >> we're about to undergo major changes after near record setting heat and 75 in santa cruz. we're tracking two development storms and let you know when the rain arrives in a few minutes. >>> the lawyer for two nurses say their clients acted negligently not criminally. the inmates medical care, elmarch algodo and ra dofl foe were taken into custody. they were in possession of controlled substances. the lawyer says the nurses were keeping few unused pills for instances when the inmates refused to take their meds to make up for shortages in the inventory. >> $1 billion in just six months, that is the goal that mayor chuck reed and the san jose city council has set for investment in the city. is it even possible? in tonight's reality check, sam brach sits down with all of the players to find that answer. and sam, has the mayor set the sights too high? >> the truth of the matter is the demand is there, drive around sa
the pro-post movement. be careful what you wish for, you might get it. california voters gave them a liberal supermajority in the state legislature the more taxes, more spending. here it comes. one of our resident californians will try to defend his hopeless state. e-mail us please. we're looking for it. varney at foxbusiness.com. send them in please. want to know what you think. friday morning, time for seven early movers. priceline buying rival kayak for $1.8 billion. kayak way up on that one. we've got groupon sees less money coming in. they call it revenue. we call it money coming in. dropped below three bucks a share. that is huge hit. the car rental company, zipcar expects to return to profits. the market kind of likes that. it is up 19%. scripps health care solution may sell itself. that stock is down. positive outlook from energizer and it's up. "hunger games", that gave lions gate entertainment nice profits boost in the stock. we have mining company, molycorp posted smaller than expected loss. molycorp is, up 4 1/2%. the president obama says you didn't build that. that was
feinstein lever for a full term in office. california voters have 11 propositions. among them was proposition 30 the governor's temporary tax measures. the initiative passed by 700,000. dan kerman has the governor's reaction. >> the election last night was a clear and resounding victory for children, schools and the california dream. >> governor jerry brown took his victory lap applauding the voters. and of the people have put their trust in a bowl path forward and i intend to do everything in my power to honor that trust. >> if that would have filled the water triggered massive cuts to education with a shortening of the school of k-12. and tuition increases at the university level. >> we are not seeing those big cutbacks in higher education for going forward. we are going to see about $2,500 per student going into over schools in california for the next four-five years. >> the governor says that there is not going to be any pinch spending with the temporary tax increases instead, the state will pay its bills and invest inright prt this has passed the voter isn't asking to see
that continue to do better. in states like california that are now threatened with exact same spending problems that we've seen in washington. stuart: travis brown, ma pleasure indeed, you're the first guest on the show and you called it for romney. you're on videotape. thank you very much. new at 10 we will get the latest poll from maris and rasmussen reports. it's a dead heat with the other polls with less than a day to go. at the top of the hour, a fresh look at the race with the very latest polls, fresh out of the box this morning. don't forget tomorrow there will be two servings of "varney & company," we will be on at our regular time. 9:20 a.m. eastern and then back tomorrow night for a "varney & company" special election edition, 5 p.m. eastern, please don't miss it, all-star lineup for you. back to the column, apple says it virtually sold out of the ipad mini, 3 million sold, really? >> here is the thing. 3 million ipads sold over three days, however, they're not breaking whether it was ipad mini or the original ipad or the ipad 3 or the 2 or whatever, okay? all we know 3 million ipads
clinton set during his second term. the head of california republican party raising taxes is still taboo and hopes house republicans hold their ground. >> student compromise is driving the economy down. and they need to work on government reform at all levels. >> time for the guys to reach a compromise here, if congress fails to reach an agreement soon, a tax hike and drastic spending hikes will take affect on january 1. leaders of both parties reaching out on capitol hill. we'll have that development in the second half hour. >> stocks suffered their worst one day loss of the year. the dow dropped and investors looking past the election and focusing on big problems ahead in europe and potentially in washington. cory johnson will join with us a parkt recap in about 10 minutes.. >> now, to the elections over. has outlook changed in silicon valley? >> abc 7 news david louie checks on the pulse of the local economy. >> happening now, i'm david louie. the electric was yesterday, but today a kind of referendum held on wall street. investors selling off in such a way it could impact everything
imitates that money to spend it. the california. propositn 30 just passed. everybody thought they were voting to give money to schools. then they found out, it's not going to schools, it's going to the pensions come. the schools are not gettng a dime. they found out something else, its record -- retroactive to january 12012. tom: are you serious? did just passed a tax law that will go back to the beginning of the year? >> absolutely right. property is retroactive. the tax part of it is retroactive to january 1st 2012. the money generated from that goes to solidify the pesions of the teachers. it does not go to the schools at all. these are the games the democrats played day in, day out, wheeher it's california or waington d.c. tom: well, there have been some people lately that have been talking about one prominent publisher from weekly standard, bill kristol. they have been playing that over and over again. you know, after all i guess tea party people and everybody else and not too concerned about raising taxes on millionaires because half of them live in hollywood. are they goin to --
was expected by the california voters. and not accept it was a local measure to help fire departments what will happen there stations and public safety after major's went down last night " q " to not pass did not pass [ female announcer ] welcome one and all to a tastier festive feast. so much to sip and savor, a feeding frenzy to say the least. a turkey from safeway will have everyone raving. there's fresh, natural, frozen, whatever you're craving. spend 25 and get a frozen safeway turkey for 59 cents a pound. or get another of the best deals around. a frozen butterball, 99 cents a pound. so raise your glass, pull up a chair...grab a plate. this tastier thanksgiving is well worth the wait. safeway. ingredients for life. [ eves ] years ago, i hurt my shoulder drag racing. that's when i decided to take it easy, so i took up hang gliding. [ female announcer ] a grandpa who refuses to grow up. [ eves ] the pain was bad, but the thought of not being a hang glider pilot was worse. [ female announcer ] that's when eves turned to sutter health's palo alto medical foundation. [ eves ] the doctors
. >> and california oil refineries take the heat, with new research suggesting companies mission led the public about refinery shut-downs. we'll tell you about a hearing happening later. mornings on 2 starts right now. >> complete bay area news coverage starts right now. this is ktvu mornings on 2. >> good morning, welcome. it is thursday, november 15th. were gas prices art fistly inflicted? a hearing could race -- were artificially inflated? >> a hearing is taking place. a stunning new report will be presented at the hearing. good morning, alex. >> reporter: that suggestingings that refineries produced gas lynn it's a team that the public was -- at a time that the public was told the contrary. and that was responsibility for the gas spikes earlier. now a state senate hearing will be looking into whether drivers were paying more for gas than they should have been. lawmakers will be presented with a new report that was prepared by oregon based mccullough research. it combed through environmental documents and found california refineries were operating during supposed outages and maintenance shut downs
.7% right now. a great day for sales force.com. stuart: got it. thank you very much. california continues to push the green agenda. a carbon credit auction sells out. the state forces automakers to build zero emission cars. and remember, the president obama he won california by 20 points. mike reagan got that right. listen to this. >> does president obama win california by 10 points or 15 points? >> 20. [laughter] stuart: there's still room in my house for you in new jersey. okay? >> see you on the 7th. [laughter] stuart: mike reagan joins the company at 10:35 this morning. is he ready to move to new jersey? we will ask him in a few minutes. >>> who or what are the biggest turkeys of the year? now, i don't like harsh or demeaning labels, but this year's award winners frankly deserve it. here's my take, my turkey list in no particular order. let's start with a country, france. it has elected a socialist president who slapped the rich with a 75% tax rate. then he lowered, lowered the retirement age. he lowered it. now france has been downgraded. elections do have consequences. then a turkey
to milk prices. but could we see the se thing happening in california? we're going to explain all of it coming up. "piles of money" coming right up. ♪ . ♪ . melissa: so big litmus test in the talk over wther the u.s. will be independent by 2020 is the keystone pipeline. will it happen not? now it is down to the wire. after revising the route to ease environmental concerns the final public hearing is set for next week. a lot hinges on the approval. joining me in fox business exclusive, transcanada president and ceo, russ girling. russ, thanks so much for coming on the show. what do you expect to happen at this hearing? >> this is a public comment period or public comment session for nebraskans. over the last year we've spent considerable time with the department of environmental quality deffning a new route. through that process we had a number of public engagement opportunities where we collected comments from nebraskans. that has been put out for public viewing and there will be a public, oral, hearing or comment period on december the fourth. we look forwar to hearing those
every experience in california. we voted for higher taxes in order to fund better education. and i think people are recognizing that fiscal sustainability has a newman rart and a deno, ma'minator. the numerator is about sustaining growth and paying debts. i think it's known that we need to establish both. it's not going to be a big jump, and i think richard is correct in reminding us this is a long haul, and let's focus on both the numerator and the denominator. >> the point steven has just made, and i will point out as well, you cannot have it both ways. you cannot remind us on the one hand that there is a $1.6 trillion deficit and on the other hand say we won't have tax raised. >> this is america. we've been doing that for 25 years. >> that's exactly the problem. you're going into the negotiations saying, ah, we've got to do something about it, but we won't raise tax rates. you can't do it. >> can i make a big point here, think about the cuts in tax and increases which did make t right? you look at the fiscal cliff. that's 7 trillion in ten years with no thought, no nuance, no kind of
time in eight years, people in california vote to raise their own taxes. how the governor convinced them to do it. >>> well, there are new fears of political gridlock in washington. the challenge facing congress as america approaches the fits cal clinch. >>> and trouble on eastbound 24 and find out why westbound 24 is a mess headed the other way. "mornings on 2" starts now. >>> well, good morning to you. welcome to "mornings on 2." i'm dave clark. >> good morning. i'm tori campbell. it's wednesday, november 7th. this morning, the state of florida remains too close to call but president obama has more than the 270 electoral votes needed to win re- election. the race was called after the president captured several battleground states including ohio, colorado, wisconsin and iowa. [ cheers ] >> thousands of supporters cheered as the president, first lady and their two daughters emerged at the victory party. >> while our road has been hard, while our journey has been long, we have picked ourselves up. we have fought our way back and we know in our hearts that for the united states of ame
in california and workers at the port of los angeles and long beach. most of the terminals shut down and the biggest issue in the dispute is outsourcing, flexing their muscle from coast to coast. two stocks we've been hitting you with. zynga and research in motion. i'm going to look at zynga, does farmville and the popular words with friends. it's now taking another hit as facebook is now allowed to create and send its own games and users of zynga games will not be able to report their progress on the social networking site. that's a big deal. the stock is down 6%. and larry, at dinah link, he's with us. you've been defender of zynga if i'm not mistaken. >> yes, i have. >> are you going to change your tune this morning? >> no, i think it's a good move. there's too much self-reliance on both companies, now they're giving each other a little bit of breathing room. now, zynga is all about on-line gaming, gambling, that's what we're betting on. >> gambling. >> it's not words with friends, it's not farmville, no, it's on-line gambling. >> they are moving to mobile, but the on-line play is
in california? we're going to explain all of it coming up. "piles of money" coming right up. ♪ . [ male announcer ] if you're eligible for medicare, now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consir an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance compan like all standardized medicare suppment plans, they cover some of what medicare doesn't p. and could save you in out-of-pocket medical costs. call today to request a free decision guide toelp you better understand medicare and which aarp medicare supplement plan works best for you. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions whhave already enrolled in the only
are moving to california. i cannot wait to start. he has been very successful. what he said to me after that almost brought me to tears. he said -- this is probably the worst thing that has ever happened to me, but it may be the best thing that has ever happened to me -- that spirit and willingness to look ahead. this is the situation i am in. i will not let it get me down. give me my pathetic limbs and arm. turn me loose. i will show you what i can do. these kids not only have technical skills, they have been trained to say -- yes, sir. they show up on time. they are disciplined. they have trained to get the job done. it starts in the beginning. we teach them right face and left face. if guy goes right, and he was supposed to go left, everybody suffers. you learn the importance of teamwork. [laughter] it is also an efficient way to move a group of human beings around by marching them. they are introduced to a drill sergeant. the drill sergeant is the worst thing they could have ever imagined. he said -- i am now your mother and your daddy. forget all of the things you learned from home
the death penalty in california. kron4's dan kerman is here in dan how are california leading? >> at this point the poll finds a majority of californians are in favor of repealing the death penalty and replacing it with life in prison without the possibility of parole. and while this is a reverse from poll numbers back in september the number of those expected to vote yes is a big enough for proportion 34 to pass. let's take a look at the numbers. the latest field poll of serving people at the end of october indicates 45 percent will vote yes, 30 percent felt no and 70 percent remained undecided. that is a significant change from early september when yes voters trilled spells opposed by 45 to the amount of 42%. >> usually when they learn more which is unique id is moving the other way. they are learning more about the initiative. and they could at most likely vote yes. >> 45 could not be enough. however, it will perhaps come down to the 70% of undecided. >> you talk about this measure is growing to have any indication about why the polls indicate that? >> it seems to be becaus
in california is the emergence of a one party system with the resistance from on the side voters who are members of neither party and a governor who says i'm going to have to put the foot down if they start spending again like in the past. >> republicans have some rebuilding to do. phil matier in sacramento, thank you. >>> well, it's a changing of the guard in the east bay. an up-and-coming democrat is replacing the longest serving congressman from california. cbs 5 reporter ann notarangelo on how the up start pulled off the upset. ann. >> reporter: eric swalwell had an opportunity to unseat this long term incumbent when california changed its primary process and after knocking on 100,000 doors his campaign is claiming victory. it's a symbolic cleaning of the house, cleaning up after election night and starting fresh after a 40-year congressional reign by pete stark. >> there was a real craving for change and a craving for responsiveness for someone though would show up, be accessible, listen and have an open mind. >> reporter: but change isn't coming by way of party because eric swalwell is als
. and that -- in california, it never matters if there are billionaires money doesn't matter in california elections but in national elections it always has. the traditional wisdom has now been bucked by this particular election. >> eliot: right. i think of the national spending patterns as well. you saw the sheldon adelsons. it is not clear to me all of his money, he backed a sequence of losers. somebody ed he was 0-9, all of the money simply bounced off of voter's consciousness. what will those funders say next time? >> you would have to ask sheldon adelson what he thought? i did meet some of these characters at some of the conventions. had a nice long talk with foster friess but what i think they're getting is somebody to listen to them, a place to put their money where their mouth is and where their values are. they may value that more than winning any particular race. >> eliot: even a consultant whom i rarely -- business models, go instead of giving it directly to a political campaign, build a grassroots organization. do somethi
risk of everybody in the world? >> so i would extrapolate from our own experience here in california. we voted for higher taxes in order to fund better education. i think people are recognizing that fiscal sustainability has a num rater and a denominator. the denominator is about growth, making sure can you grow living stands ardz and pay off debt. i think the realization is coming in that we need to optimize both and i think that our politicians will slowly get that. it's not going to be a big jump. i think richard quest is correct in reminding us that this is a long haul. let's focus both on the num rater and the denominator. >> the point, stephen, has just made and mohamme points out as well, you cannot have it both ways. >> right. >> you cannot remind us on the one hand that there's a $1.8 trillion deficit. but then immediately say we won't have tax revenues raised. you cannot have your cake and eat it, too. >> this is america! we've been doing that for 25 years! >> i know! >> that's exactly the problem. you know, going into the negotiations saying ahh! we have to do something ab
from mississippi. caller: i am a retired firefighter from mississippi -- from california. disasters, and most jurisdictions find they are overwhelmed by the time of happens, because disasters over what every jurisdiction. whether you are in new york or mississippi, the jurisdictions in charge of tried to mitigate the problems are so overwhelmed, and most of them are victims themselves. we need a national fire disaster program that exist within the federal cover that. the resources are there with a going to a lot of expense. all disasters are similar to what would happen in a hotel. if everyone goes into a hotel, they see what to happen when a fire starts, how to get out. once they are out, they need to be accounted for, and you need to have in the emergency service that can come in and mitigate the problem. most jurisdictions do not have the resources to do this. when it comes to police and fire -- when it comes to things that have to do with police, we have the fbi that is a national organization that has the resources to do things that the local to restrictions, whether state or l
california, ron waiting to talk to us. caller: good morning. good job. the issues are occluded. the whole congress -- i blame the entire congress for holding americans hostage for this results. this is not space science. we're not trying to go to pluto. we are trying to fix something of a vote of 425 people we have to convince. this is ridiculous. the price of health care is doubling as a first of the year. that has nothing to do with the fiscal cliff. that is congress not paying attention to what's going on with health care. they are blaming obamacare on this, but this was before the election the price of health care was going up. across the board, we are not dealing with problems at hand. both sides of the aisle, those that don't want to give an answer to this before we go over the fiscal cliff, they're not responding to the will of the people. they will be voted out. there's no doubt. if we have some very lovely and caring republicans that are very conservative and we love them, but we will vote them out if they don't fix this. we are holding them responsible as we are holding the demo
in southern california. they are banned in 50 cities and counties across the state. francine shops with her own reuseable bags and wants more communities to enforce bans. >> if they went through a garbage dump or trash site, they'll think twice about it. >> supporters of the ban say plastic bags crowd landfills, threaten marine life. >> where plastic is banned, stores go through piles of paper bags. those also take a toll on the environment but about 50% do get recycled. >> that's compared to about 5% of plastic bags. manufacturers say banning the bags is unfair. >> the amount of litter that plastic bags produce is less than half of 1%. >> with the aadvocacy group. and plastic bags make up closer to 25%. >> litter on the streets gets washed through the storm drains out to the beach. and plastic bags are often part of that trash. >> since the floating plastic can resemble jelly fish, animals confuse it for food. the future could depend on what happens in los angeles. la is studying the impact of passing own ban and could become the largest city in the country to trash plastic bags. cbs news
today, people here have heard that there are utility trucks being flown in from california on military aircraft. and they are actually quite happy to hear that the cavalry is coming. live in stafford township, i'm alison harmelin, dana, back to you. >> thank you. >>> as she just touched on in her story, we want to expand on. in new york, tempers are flaring as people try to get on with their lives because gasoline is hard to get. there's no power in many areas to keep the pumps working. and some lines are three hours long. buses resumed service today and were crammed tight. crews are work overtime to pump water out of the city and some subway tunnels flooded since sandy hit. >> think about it this way. water is water. we take pumps, we pump it out, and put it back where it came from and hopefully it's gone in a few days. >> new york's power company says it is on track to restore power to a quarter million homes in manhattan by saturday. >>> air force bases in california coordinating a massive airlift to help with hurricane relief efforts. today a c-17 cargo plane took off from travis a
" national popular vote plan" and it should end it. >> eliot: and if california jumps in. >> california has signed on. that's right. if mitt romney wins the popular vote and barack obama wins the electoral college vote then i think the electoral college will blow up. it will explode. republicans won't stand for that that. >> eliot: jack welch will say its conspiracy. there are other flaws in the voting system. there rampant with the intellectual problems that we have to deal with. >> the point of origin is the constitution which does not confirm the affirmative right to vote. early on the framers passed it over to the states. everything became localized which is why we have 13,000 different voting districts with its own ballot design. ballot designed by count supervisors, while i respect them they're not designers. that's why you get the butterfly ballot. >> eliot: you're being kind to them. you're right by and large they're hard working good folks. sometimes the design errors are simply poor judgment or a mistake. but there are efforts by many people to prevent people to vote. >> absolute
folks heat healthier. the real reason for this, state of california ask can no longer afford meat. they'll add food stamp tuesday, wednesday, thursday, friday. politicians don't care. they just care about remaking society through intrusion. how hilarious that the left accuses the right invading the bedrooms as they climb on your plate. call for a been a on meats in california to fight obesity. ignore demand and forcing a pricier inevitable alternative. the poor stomach that. this is solyndra for your belly, which is why i feel like throwing up. meatless monday, good idea, bat idea? good/bad? >> juan: let me ask you a question. >> greg: sure. >> juan: you used to smoke. >> greg: i smoke periodically when i'm nervous. >> juan: is it a good idea to raise taxes on cigarettes to disincident americans from smoking? >> greg: i don't like it either. >> juan: smoking rates have gone down. >> greg: that's because we can't smoke certain places. >> dana: why do we want people to eat less meat? >> juan: my doctor said after you deal with cancer, maybe you should eat less red meat. >> greg: weight lo
the past five years. in contrast in a speech in california in may, mitt romney said, quote, the president doesn't understand when you invest like that in one solar energy company it makes it harder for solar technology generally because the other entrepreneurs in the solar field suddenly lost their opportunity to get capital. who wants to put money into a solar company when the government put half a billion dollars into one of its choice. excellent question. i wrote this book because we are not just spending half a billion dollars. we are spending $12 billion a year to make electricity more expensive rather than cheaper. that is $6 billion in tax breaks and $6 billion in direct expenditures. the green jobs that makes no sense and has low-income americans, we brainwash our children to think that green is good and fink uncritically about green products and green jobs and yet we can't even define what a green job is. let's start with a green jobs. the bureau of labor statistics has five definitions of the 3.1 million green jobs that it has counted. namely the energy from renewable sources, e
the journal stands approved. the pledge of allegiance today will be led by the gentleman from california, mr. mcnerney. mr. mcnerney: i pledge allegiance to the flag of the united states of america and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. the speaker: the chair will entertain up to five requests for one-minute speeches on each side. for what purpose does the gentleman from south carolina rise? mr. wilson: mr. speaker, i ask unanimous consent to address the house for one minute and to revise and extend my remarks. the speaker: without objection, so ordered. mr. wilson: mr. speaker, yesterday members of the house foreign affairs committee, led by chairwoman ileana ross schneiderman, heard about the attack on our embassy in benghazi, libya. this resulted in the death of four corner american heroes. sadly -- four american heroes. the people deserve answers as to what happened on the evening of september 11, 2012. why did the administration not make an immediate response in the area of the consulate as requested during the six-h
in california. three suspects have been arrested and more arrests are expected. officers say the dmt being processed could have sold for tens of thousands of dollars. >>> in his first address since election takes into president obama will urge lawmakers to work together to prevent the you havees from falling off the "fiscal cliff." the speech will begin in a few hours. if congressional democrats and republicans don't reach a budget deal by year's end, bush- era tax cuts will expire and deep across the board spending cuts will kick in. for now, vice president joe biden and many others in washington are expressing confidence that can be avoided. >> we're not going over the cliff. we're determined not t go over the cliff. >> the cbo says it would send the unemployment rate above 9% next year. >>> new york police are enforcing new rules at gas stations this morning. it's a new fuel rationing plan designed to let people fill up their cars every other day depending on the last number on their license plates. new york mayor michael bloomberg says the move will ease the fuel crunch as shortages ar
their jobs. the fact this they see job growth happening. certainly here in california we've had job growth. so i think in our world in southern california we're going to be in pretty good shape. but uncertainty is never good. i don't think there should be an option. >> mr. caruso, yesterday craig barrett, former ceo of intel, described california where you live and do a lot of business as america's version of greece because of the level of public expenditure and so forth. do you see it that way? >> no, i don't see it that way. listen, california has its issues. locally we have our issues. there are income issues, there are increased taxes that i wouldn't necessarily want to have happen in the state, which did happen. but we have to address those. i think we've got positive momentum. i know we have positive momentum. so are we perfect? no. but california is growing at a much faster pace and a better pace than most of the united states. so i don't equate it to greece at all. >> mr. caruso, thank you for being with us and a happy thanksgiving to you. >> thanks you. >>> he's a billionaire, rig
to make you some money. california voters giving the governor the go-ahead to raise taxes on families earning $250,000 per year or more. dagen: and the founder of paul mitchell hair care and petrone spirits. he tells us how both sides can come together down in d.c. connell: the judge, and a napolitano, have a lot to say about pot today. economic benefits and everything else on top of that. and talking about stocks and the big selloff, oil 3.5% lower today alone. we will be right back on "markets now." dagen: we're putting this man's face to the fire with a market selling off big time down 300 points on the dow and he can tell you how to make money. connell: charles payne, this is one of those days tough to find the stocks in the down market, but how do we do it? >> i will hedge right off the gate. this morning they were awarded the project for the $500 million project at chicago schools, another contract with them as well. i think if we get some things in a second term like another round of stimulus, this time maybe some of them will actually go to construction and this is a company t
the speaker's announced policy of january 5, 2011, the gentleman from california, mr. garamendi, is recognized for 60 minutes as the designee of the minority leader. mr. garamendi: mr. speaker, if mr. hall would like to finish his statement, i'd be happy to yield five minutes to mr. hall. mr. hall: i thank the gentleman. i think i've said about -- you are a gentleman, you are my friend, and i appreciate you. i just think we need to get together and remember the most important part of all of us is our children and our children's future. and that's what we all get together and -- that's the reason for us to change some of the positions we've taken in the past, to try to work something out that the american people expect. you're a gentleman to offer me that. maybe i've used part that have five minutes but thank you very much. and these folks need to go home sometime tonight. mr. garamendi: you had a lot of people speaking to your extraordinary career here and i didn't want to cut it short. but your advice is sound and hopefully taken by all of us. mr. hall: my mother always told me to be silent a
with the refiners. bp decided to sell off two of its refiners. one in texas city and the other in carson, california. historically, i haven't been a big fan of the refiner business. lately the dynamics of the industry have changed dramatically for the better. we've got an oil boom going on in this country and that's been great for the refiners because they make their money off the difference between the domestic west texas price that they pay for oil, sometimes even underneath that, and the higher global brent crude price they use to charge for refined products. that's the benchmark they price off of. right now the spread is higher than it's been in ages. great for refiners. which refiners have benefitted from bp's desperate need to raise cash? first there's marathon pete, marathon petroleum. symbol mpc. mom, peter, charlie. agreed to buy bp texas city for $2.5 billion back in october. this deal should have tremendous synergies because marathon pete already operates in this area. bp had spent $5 billion refurbishing this refinery just seven years ago. now marathon can buy it for half of that cost? w
is votes. the open seat in california 26. we don't know what will happen there. 100% are in . mary bono mack is behind. will she join her husband coming an congress. bilbray is behind with 100% reporting in california as we mentioned already, incumbent allen west is behind in florida 18 with all the votes counted. representative menechek is leading. that appears to be a couple thousand votes apart. ke mcintyre, will he be one of the few blue dogs that remains? he has a small lead. there will be a run-off for one house seat in louisian the third two republicans there. but if all those leads hold, nbc news is current ly projecting they could pick up eight seats in the house again. yes, we know all those 100%. mail ballots particularly out in the state of california so we'll see but ifíu all leads hold it'a net pickup of eight seats for the democrats in the house. there's a lot more to come on this special two-hour post-election edition of "the daily rundown." i'm basically going on no sleep so you never know what i'm going to say which is why you s. up next, the independent streak. whic
, that is shrinking. sean, when the country demographically looks like california, it will look like california politically, whether republican party is moribund and on the verm of death. >> sean: people forget, nixon, reagan, nobody continues california a state to compete in anymore. >> nixon carries it 6 times and ronald reagan carried it in four straight landslides-- >>> seems like an eternal -- ternity ago, if you are being honest here. hop, vione question for you about the democrats. i said this at the opening of the show tonight, if i am -- i understand, you should -- i owe you a dinner. i will gladly pay off, spending time with you, you are a friend, even though we disagree. we will invite pat buchanan to go with us. >> it will be a delight. >> sean: in all honesty, if i am barack obama and this is what it took for him to win -- president hope, change, civility. and he took the low road. his campaign took the low road. they said this was mean. it was nasty. it was personal. it was small. it was beneath the dignity of the office. everything from, you know, he took the politics of demoniza
bernanke keeps his job. in california. not many people found a corporate tax to bring in one billion for business taken and entrepreneurs outside of the state who want to do business in the state. explain this? >> california is in a fiscal mess and they will raise taxes. and i am a company based in new york and i do business in california. california is now going to tax me california profit's tax even though i am a new york based business. they are spreading the tax net to companies based out of state. >> brian: governor brown went to college campus to get support for this. he got it. >> california is in a financial mess and they raised taxes and passed proposition 30 that reallies taxes again. >>rian: now you will not do business there. >> california reelected president obama by a 20 point margin because they want a bailout. they think the second obama term will bail them out of their financial problemms. they are raising taxes leftt, right and and pushing businesses out of the state and they want a bailout and i think at point they will probably get >> brian: in terms of me doing t
-- >> in 2010, there was not a single elected official of the california who came out in favor. >> leveraging technology in cording efforts. to the extent this is an issue that is galvanizing young people at gw, chess is there are an ability -- chances there are ability to connect with students at other universities. you never know. the ability to leverage technology to form a movement is something young people have invented with these days. >> i have a questing going back to the drinking and driving. when you're pulled over, they have a breathalyzer that can tell how much alcohol as in assistant. if someone were to be pulled over and maybe they smoked marijuana at the past hour, that thc would still be in their bloodstream it is smoked marijuana a week ago. it the are pulled over and the test says you have thc in your bloodstream and you are driving completely not under the influence, what kind of device could be made to make that a fair argument? >> it would be much larger constituency about creating that device. >> beyond that, law enforcement has other techniques. they do not need a speci
more issues on about last night. first cup, a tax proposed by governor jerry brown in california, tax increase. wouldn't you know, president -- residents of the formerly golden state voted for governor brown's proposition, proposition 13. they are going to get a tax increase. michigan, voters rejected a proposal that would have changed the constitution and guarantee employees the right to organize and collectively bargain. a loss for the unions in michigan. colorado, they voted for the use and regulation of marijuana recreation league. 53-46. more on that with the judge who is celebrating this.com. he is libertarian. we want to dig deeper on these numbers from yesterday. from the exit poll president obama won the latino vote overwhelmingly, 71-47. along with the conventional wisdom was this would be closer. even a tie but the president won by 11 points. young voters under age 30, 60% for the president, 37% for romney. joining us, the marist institute for public opinion. welcome back. i was wrong in all three areas. latinos, women and youth. why -- not why, but why was i so wrong. >> y
and barack obama according to the polls is going to win california and as he should. there are a lot of supporters. he's a great individual, but i think at the margin when people are focused on small business and growth and opportunities for small business entrepreneurs and reducing regulation i think people do think about different options. >> do you worry about regulation in the tech sector? one of its last industries that probably doesn't have nearly the same regulation as many of the other industries. >> as i sit here today, i don't worry about it, but one of the things i worry about is, one of the areas of investment we're excited about spending more time on is what i call the asset light generation and if you look at the fact that you can walk out your apartment door in the morning, with your smartphone and your tablet, and you've got, in effect have cash on your phone, your media library on the phone, you can get news and information, a taxi, all sorts of things, a hotel room, i think one of the things i worry about is the regulation of some of these companies that are putting
they will debate raising student fees again. this meeting comes a week after california voters approve proposition 30. alex sav edge joining us live -- alex savidge joining us live from hayward to tell us which students are being targeted. >> reporter: good morning. many cal state students i talked with are frustrated by a fee proposal, especially a week after prop 30 passed. governor jerry brown scheduled to attend the csu board of trustees meeting that will happen later on today. they will likely be protests -- there are likely be protests. the frustration, fees. if student have more than certain number of students, they could face fees for repeating courses. the plan is to free up space to admit more than 16,000 knew students. one student i talked to said these fees could hurt. >> i could say the fees are definitely unfair. it's hard to sometimes be able to pay these fees and it gives us choices like what are we gonna do if we don't have the money? well, , if have the money, then we just -- if we don't have the money, then we just quit. it puts us in a position and it's not fair to us. >> repor
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